Jacobs Levy Equity Management Has Lowered Its Position in Avnet (AVT) as Market Valuation Declined; Gotham Asset Management Upped Omnicom Group (OMC) Position by $12.64 Million as Share Value Declined

February 16, 2018 - By Migdalia James

Joel Greenblatt increased its stake in Omnicom Group Inc (OMC) by 61.58% based on its latest 2017Q3 regulatory filing with the SEC. Gotham Asset Management Llc bought 170,799 shares as the company’s stock declined 2.32% while stock markets rallied. The hedge fund run by Joel Greenblatt held 448,180 shares of the advertising company at the end of 2017Q3, valued at $33.20M, up from 277,381 at the end of the previous reported quarter. Gotham Asset Management Llc who had been investing in Omnicom Group Inc for a number of months, seems to be bullish on the $18.20B market cap company. The stock increased 2.16% or $1.67 during the last trading session, reaching $78.95. About 2.24M shares traded. Omnicom Group Inc. (NYSE:OMC) has risen 1.15% since February 16, 2017 and is uptrending. It has underperformed by 15.55% the S&P500.

Jacobs Levy Equity Management Inc decreased its stake in Avnet Inc (AVT) by 30.24% based on its latest 2017Q3 regulatory filing with the SEC. Jacobs Levy Equity Management Inc sold 33,960 shares as the company’s stock declined 20.08% while stock markets rallied. The institutional investor held 78,360 shares of the consumer non-durables company at the end of 2017Q3, valued at $3.08 million, down from 112,320 at the end of the previous reported quarter. Jacobs Levy Equity Management Inc who had been investing in Avnet Inc for a number of months, seems to be less bullish one the $5.07 billion market cap company. The stock decreased 0.27% or $0.12 during the last trading session, reaching $42.26. About 169,416 shares traded. Avnet, Inc. (NYSE:AVT) has declined 4.87% since February 16, 2017 and is downtrending. It has underperformed by 21.57% the S&P500.




Among 11 analysts covering Avnet Inc. (NYSE:AVT), 1 have Buy rating, 2 Sell and 8 Hold. Therefore 9% are positive. Avnet Inc. had 32 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, January 22 the stock rating was upgraded by Longbow to “Buy”. The company was initiated on Wednesday, April 27 by Bank of America. Cross Research downgraded Avnet, Inc. (NYSE:AVT) on Tuesday, September 20 to “Sell” rating. The stock of Avnet, Inc. (NYSE:AVT) earned “Sell” rating by Citigroup on Thursday, September 22. On Friday, April 29 the stock rating was downgraded by Brean Capital to “Hold”. On Monday, May 1 the stock rating was maintained by Citigroup with “Sell”. The firm earned “Hold” rating on Wednesday, October 11 by SunTrust. The stock of Avnet, Inc. (NYSE:AVT) earned “Hold” rating by Stifel Nicolaus on Tuesday, September 20. Citigroup maintained it with “Sell” rating and $34 target in Friday, October 27 report. On Friday, April 28 the stock rating was downgraded by Suntrust Robinson to “Hold”.

Investors sentiment increased to 0.99 in Q3 2017. Its up 0.15, from 0.84 in 2017Q2. It improved, as 31 investors sold AVT shares while 107 reduced holdings. 45 funds opened positions while 91 raised stakes. 112.60 million shares or 3.41% less from 116.57 million shares in 2017Q2 were reported. Dimensional Fund Advsr Lp has 0.07% invested in Avnet, Inc. (NYSE:AVT) for 4.10M shares. Natixis stated it has 0.01% in Avnet, Inc. (NYSE:AVT). Deroy And Devereaux Private Investment Counsel, a Michigan-based fund reported 350,897 shares. Schafer Cullen Capital Mgmt invested 0.01% of its portfolio in Avnet, Inc. (NYSE:AVT). Jpmorgan Chase & Com holds 735,193 shares. Gam Ag reported 44,990 shares or 0.07% of all its holdings. 91,266 are held by Engineers Gate Manager Lp. Parametric Assoc Ltd Liability Company has 0.02% invested in Avnet, Inc. (NYSE:AVT). Winslow Evans & Crocker Inc has invested 0% in Avnet, Inc. (NYSE:AVT). Fjarde Ap accumulated 41,167 shares. State Common Retirement Fund holds 0.04% of its portfolio in Avnet, Inc. (NYSE:AVT) for 831,670 shares. Hotchkis Wiley Ltd Limited Liability Company holds 0.23% or 1.50M shares in its portfolio. Pinebridge Lp stated it has 0.03% of its portfolio in Avnet, Inc. (NYSE:AVT). Sg Americas Securities Lc accumulated 0% or 11,091 shares. New England And Mngmt stated it has 30,875 shares or 0.89% of all its holdings.

Jacobs Levy Equity Management Inc, which manages about $10.42B and $5.14B US Long portfolio, upped its stake in Primoris Svcs Corp (NASDAQ:PRIM) by 32,400 shares to 118,102 shares, valued at $3.48 million in 2017Q3, according to the filing. It also increased its holding in Vertex Pharmac Inc (NASDAQ:VRTX) by 9,096 shares in the quarter, for a total of 184,950 shares, and has risen its stake in Fortinet Inc (NASDAQ:FTNT).

Gotham Asset Management Llc, which manages about $5.96B and $6.81 billion US Long portfolio, decreased its stake in Kemet Corp (NYSE:KEM) by 52,821 shares to 13,906 shares, valued at $294,000 in 2017Q3, according to the filing. It also reduced its holding in Snap On Inc (NYSE:SNA) by 61,102 shares in the quarter, leaving it with 82,285 shares, and cut its stake in Emcor Group Inc (NYSE:EME).

Among 15 analysts covering Omnicom (NYSE:OMC), 4 have Buy rating, 2 Sell and 9 Hold. Therefore 27% are positive. Omnicom had 44 analyst reports since July 23, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of OMC in report on Monday, September 11 with “Hold” rating. On Friday, April 21 the stock rating was maintained by Barclays Capital with “Hold”. Zacks downgraded Omnicom Group Inc. (NYSE:OMC) on Tuesday, August 25 to “Buy” rating. The stock of Omnicom Group Inc. (NYSE:OMC) has “Outperform” rating given on Wednesday, March 8 by RBC Capital Markets. As per Friday, July 21, the company rating was maintained by RBC Capital Markets. On Thursday, July 13 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm has “Outperform” rating by Telsey Advisory Group given on Wednesday, October 18. The company was downgraded on Tuesday, January 2 by Macquarie Research. The firm has “Market Perform” rating given on Thursday, April 14 by Wells Fargo. On Wednesday, January 31 the stock rating was maintained by Morgan Stanley with “Underweight”.

Since October 19, 2017, it had 0 insider buys, and 2 insider sales for $653,858 activity. $617,516 worth of Omnicom Group Inc. (NYSE:OMC) was sold by Sherman Peter K..

Investors sentiment increased to 1 in Q3 2017. Its up 0.11, from 0.89 in 2017Q2. It improved, as 56 investors sold OMC shares while 213 reduced holdings. 65 funds opened positions while 203 raised stakes. 230.60 million shares or 2.33% more from 225.35 million shares in 2017Q2 were reported. Price T Rowe Assocs Incorporated Md has 1.74M shares. Art Lc accumulated 9,100 shares. Teacher Retirement Of Texas holds 0.2% or 448,296 shares in its portfolio. Howard Capital Mgmt invested 0.04% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Magnetar Financial Ltd Com owns 7,313 shares or 0.01% of their US portfolio. Madison Inv Holdings reported 1.22 million shares. Caisse De Depot Et Placement Du Quebec holds 0.01% or 59,631 shares in its portfolio. Mutual Of America Capital Mngmt Llc accumulated 28,778 shares. Cambridge Trust Comm owns 4,310 shares. Ontario – Canada-based 1832 Asset Management Limited Partnership has invested 0.18% in Omnicom Group Inc. (NYSE:OMC). Community Tru And Investment Company holds 0.08% of its portfolio in Omnicom Group Inc. (NYSE:OMC) for 10,114 shares. East Coast Asset Mngmt Limited Liability Co has invested 0.24% of its portfolio in Omnicom Group Inc. (NYSE:OMC). Aqr Management Lc has invested 0.06% in Omnicom Group Inc. (NYSE:OMC). Gemmer Asset Management Ltd Liability Corp holds 0.01% or 324 shares in its portfolio. Delphi Management Ma holds 1.28% or 30,855 shares in its portfolio.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts